Featured Video Play Icon
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Ivanhoe Mines’ (IVN) Phase 2 concentrator plant at Kamoa Kakula is now 70 per cent complete
  • The 3.8 million-tonne-per-annum (Mtpa) is well on track to begin operations in the second quarter of 2022
  • The final piece of major equipment for the Phase 2 concentrator plant, the high pressure grinding rolls (HPGR), has been lifted into position
  • Ivanhoe Mines is a Canadian mining company focused on advancing its three principal projects in Southern Africa
  • Shares in Ivanhoe Mines Ltd. (IVN) are down 1.14 per cent, trading at $9.975 per share

Ivanhoe Mines (IVN) has announced that the Phase 2 concentrator plant at Kamoa Kakula is now 70 per cent complete.

The 3.8 million-tonne-per-annum (Mtpa) is well on track to begin operations in the second quarter of 2022.

After the Phase 1 concentrator plant reached steady-state design capacity, Ivanhoe increased its 2021 production guidance for contained copper in concentrate produced from the plant. The company now expects to produce from 92,500 to 100,000 tonnes of copper concentrate.

Engineering, procurement, and fabrication activities all are effectively complete for the Phase 2 concentrator plant, and the main focus is now on completing the steel structure and installing platework, equipment, and piping.

With electrical work advancing on schedule, more than 580 truckloads of Phase 2 construction equipment and materials already have been delivered to site.

The company announced today that the final piece of major equipment for the Phase 2 concentrator plant, the high pressure grinding rolls (HPGR), has been lifted into position.

The Phase 2 HPGR being lifted into place.

Now that the Phase 2 concentrator plant is nearing completion, Ivanhoe Mines and its joint venture partners at Kamoa Kakula are ramping up mining operations in preparation.

From October 21 to November 20, the company mined a total of 548,000 tonnes grading 5.46% copper from its Kakula and Kansoko mines.

“548,000 tonnes of ore mined is a major increase compared to our previous monthly record of 409,000 tonnes mined,” said Kamoa Copper CEO Mark Farren. “We expect to see continued growth in monthly mine production as we introduce additional mining crews to fill the second concentrator.”

Ivanhoe Mines is a Canadian mining company focused on advancing its three principal projects in Southern Africa.

The Kamoa-Kakula Copper Project is a joint venture between Ivanhoe Mines, Zijin Mining Group, Crystal River Global Limited, and the Government of the Democratic Republic of Congo.

Shares in Ivanhoe Mines Ltd. (IVN) are down 1.14 per cent, trading at $9.975 per share as of 9:57 am EST.

More From The Market Herald
Superior Gold - Director, Michael Pesner.

" Superior Gold (TSXV:SGI) nominates new director

Superior Gold (SGI) has filed a management information circular for its annual general meeting.

" Sulliden Mining Capital (TSX:SMC) acquires securities of Xander Resources

Sulliden Mining Capital (SMC) acquired 7,142,857 units of Xander Resources in a private placement.

" Eastern Platinum (TSX:ELR) updates technical report on Crocodile River Mine

Eastern Platinum Limited (ELR) has filed a Technical Report on the Crocodile River Mine (CRM), North West Province in South Africa.